• Introduction to basic statistics (mean, standard deviation)
• The Normal distribution and hedge funds
• Alpha, beta, correlation
• Sharpe Ratios and Sortino Ratios

• Quantitative Hedge Fund return analysis
• Is this fund really generating alpha?
• Where is the fund taking risk and making returns?
• Limits and misconceptions about quantitative measures
• Understanding the principles of quantitative risk management

If investing in hedge funds was once a question of ‘if’, it is now a question of ‘how’. The opening session explores how institutional investors are accessing hedge funds, framed in the wider investment landscape.

• Global trends and how these impact the US investor
• How Managed Accounts address emerging investor needs and play a vital role in the future regulation of the industry worldwide
• Who will use Managed Accounts, what for, and why?

• How to overcome the barriers that investors face in allocating to hedge funds
• The challenges of identifying the most talented hedge fund managers and when different investment vehicles can be used
• Evaluating the various ways to monitor risk
• Do Managed Accounts represent the ‘alternatives’ answer in 2007?

• How to work in tandem to create long-term customised solutions
• The benefits of independent risk management 
• Enabling investors less familiar with hedge funds to gain exposure to the asset class without the need to select individual managers

Exploring the conventional idea that hedge funds and transparency are an unworkable duo. What are the differing types of transparency, how can they be offered, and how useful will they be to the investor?

• How to measure, manage and disclose hedge fund risk
• Is hedge fund investing about ‘minimizing’ or ‘maximising’ risk?
• How does risk fit into wider conversations concerning transparency and liquidity in the Managed Account context?

• Which advantages of the Managed Account platform (i.e. independence, comprehensive risk management, policing of investment guidelines, enhanced liquidity, safekeeping of assets) do you value most?
• How would the enhanced transparency of the Managed Account platform impact your risk management process?
• What are, or what were some of the hurdles for you to overcome before investing through a Managed Account platform?

• How can investors use Managed Accounts more effectively?
• How can investors measure and maximize the alpha they get from Managed Accounts?
• Can Managed Accounts do more than hedge funds?

A Terrapinn innovation. This is the revolutionary, exciting, quick, and non-pressured way to meet fellow conference delegates and industry peers in one 40 minute session. It is where long-lasting business relationships begin.

This session addresses how relationships can be managed to maximize efficiency and reduce the additional strain on the manager.

• Contrasting the unique benefits of Managed Accounts to managed futures investments versus other alternative investment strategies
• Can a properly structured manager platform that offers "platform managed accounts" in managed futures deliver the features of a direct Managed Account?
• Assessing the key issues of cash efficiency, active risk management, active volatility management, ability to liquidate positions and limited liability

• Will offering a separate pool of assets affect your flagship funds?
• How does a manager ensure he acts equitably toward both managed account investors and fund investors?
• What level of administration is needed, and how can the inconvenience be minimized?

This session delves further into the reality of Managed Accounts; what do they actually mean for risk control, and how is portfolio management evolving?

• What are institutions demanding?
• The eight key advantages of Managed Accounts
• What are the disadvantages of Managed Accounts?
• Using Managed Accounts to increase cash efficiency
• Using Managed Accounts as part of an integrated risk control process

This session gives you exclusive insight into the workings of real-time performance, transparency and risk management of the AlphaMetrix Mosaic Platform!

• The best of managed accounts and funds
• Manager-based selection
• Manager-based and portfolio-level risk analytics
• Portfolio construction

• Reality of operational risks
• The limits investors face when carrying out due diligence
• Possible benefits, but also limitations, of managed account platforms to reduce that risk
• Price/risk trade-off investors face

•     Is this the ‘second generation’ of hedge fund products’?
• Do Managed Account platforms represent the answer to a lack of resources for operational due diligence?
• How can Managed Accounts be used to successfully structure products

This session takes the investigation a step further, asking how managed accounts fit into a winder investment strategy. Benefit from the expertise of the leading lights in the alternatives world.  

• The universes of Managed Accounts and fund investments
• When investing in Managed Accounts makes sense, when it doesn't
• The advantages of combining Managed Accounts and fund investments in a fund of hedge funds

• How fund of funds can invest using Managed Accounts
• What can one do with position level reporting?
• How do the benefits for fund of funds using Managed Accounts differ from the previously discussed benefits for the institutional investor?

• An independent assessment of the buy vs. build options for consolidators
• How are independent Managed Account platforms weighing up interest from consolidators against the significant potential for organic growth?
• Will the ‘domino effect’ seen in other areas of the asset management industry following the consolidation of one of more of the leading independent advisors happen in the Managed Account area? 
• How many providers will remain independent on a three year view?

• What does the future hold for hedge fund investing?
• How quickly should we expect Managed Accounts to grow over the next 12 months, both in the US and globally?